Last week, GM Ventures Managing Director Anirvan Coomer took the stage at Reuters Automotive USA alongside KPIT Americas President Chinmay Pandit to discuss the importance of collaboration within the current competitive landscape. Anirvan discussed several GM Ventures' portfolio companies and how they are helping drive toward GM's goals and vision while receiving critical backing from GM. Below are a couple of key takeaways from the conversation: “Within GM, we’ve set ourselves a very, very bold vision: a future of the world with Zero Crashes, Zero Emissions, and Zero Congestion. It’s no secret that this is something that’s much bigger than GM and just simply that tells you that you don’t have an option but to collaborate. You’ve got to collaborate with like-minded organizations who share the same kind of vision of the future; you’ve got to collaborate on things that can give you tangible results today, but also teaming up on opportunities where it builds mutual capabilities that can take you to that future.” - Anirvan “Emerging challenges in our industry highlight the need for collaboration to thrive & succeed. As a leading software and system integration partner in the mobility ecosystem spearheading seven global SDV programs with trusted partners, KPIT’s key learning through the journey is that the hardline between competition and collaboration are increasingly blurred today." - Chinmay
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Automakers are managing EV resources similarly to startups, yet this approach may not be viable in the long run. The CFO article includes an interview with James Ancius, offering insights from the Working Capital Survey. It emphasizes that for automotive manufacturers, inventory challenges are partially impacting their cash conversion cycle, which has increased by 197%. #workingcapital #finance
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Automakers are handling EV resources like startups, but this might not be sustainable long-term. This CFO article features insights from our Working Capital Survey, highlighting how for automotive manufacturers, inventory issues are coming partly at the expense of their cash conversion cycle, which is up 197%. #workingcapital #finance
Auto industry's innovation push brings 'startup' capital structure: Hackett Working Capital Survey
cfo.com
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New Post: Corporate Venturing: Unlocking Innovation and Growth Introduction Corporate venturing is a powerful strategy that bridges the gap between established corporations and innovative startups. By forming strategic alliances, companies can leverage their assets to drive innovation and create new products and services. In this white paper, we explore the benefits, challenges, and successful examples of corporate venturing. What Is Corporate Venturing? Definition: […] Naviti Management https://lnkd.in/e3TxYzaC
Corporate Venturing: Unlocking Innovation and Growth
navitimanagement.com
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???Paris-based, Pigment, a business planning platform that assists organizations in strategizing and planning has raised €133 million in a Series D funding round. ? The money comes after Pigment had a banner year, tripling its yearly recurring revenue and growing its clientele by double on a global scale. ?? The round was led by ICONIQ Growth, which previously backed the Series C round also over a year ago. In addition, several other current investors, such as IVP, Meritech, Greenoaks, Felix Capital, and Sandberg Bernthal Venture Partners also took part in the round, indicating their continued faith in Pigment's long-term growth trajectory. Eléonore Crespo Romain Niccoli Paul-Louis Lepine Ellen Humphreys Julien Codorniou Ajay Vashee Romain Doutriaux #technicalbeep #technicalbeep #ideasphere #startupnews #startupspace #startup #tech #venturecapital #startupfunding #fundingnews #innovation #enterprenureship #businessplatform #planningplatform
Business Planning Platform, Pigment raises €133M series D
https://technicalbeep.net
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?? ?????????????? ??????????: ?????????? ???????????? ???????????? – ?????? ?????????????????? ???????????? ?????????????????? ???????? ?? Vivek Chaand Sehgal's journey from a young entrepreneur to the co-founder and executive chairman of Motherson Sumi Systems is a remarkable tale of vision, resilience, and innovation. ?????????? ????????????????????: ?????? ???????????? ?????????????? ?????????????? Vivek's entrepreneurial spirit was evident from an early age. In the 1970s, he began his career in silver trading, where he learned the intricacies of business and honed his skills in market dynamics. This initial venture not only provided him with valuable experience but also instilled a deep understanding of supply chains and customer relationships. His success in silver trading laid the groundwork for his future endeavors in the automotive industry. ?????? ?????????? ???? ?????????????????? ???????? In 1986, Vivek co-founded Motherson Sumi Systems, recognizing a gap in the automotive components market. With a vision to create a leading supplier of wiring harnesses and other critical components, he embarked on a journey that would revolutionize the industry. ?????? ???????????????????? ???? ?????? ??????????????: ?????????????????? ????????????????????????: From the outset, Vivek focused on building strong partnerships with major automotive manufacturers. Collaborations with global giants like Suzuki and Nissan enabled Motherson Sumi to expand rapidly and gain a foothold in international markets. ???????????? ??????????????????: Under his leadership, Motherson Sumi grew exponentially, establishing operations in over 40 countries. The company now boasts a workforce of more than 150,000 employees, making it one of the largest players in the automotive components sector. ???????????????????? ???? ????????????????????: Vivek has always prioritized innovation. The company invests significantly in R&D, focusing on advanced manufacturing techniques, automation, and digital transformation. Motherson Sumi's ability to adapt to changing market demands has been a key factor in its sustained success. ???????????????????????????? ??????????: Vivek is a firm believer in sustainable practices. Motherson Sumi has implemented numerous eco-friendly initiatives, such as waste reduction, energy efficiency, and sustainable sourcing. This commitment aligns with global trends and enhances the company’s reputation. ?????????????????????????? ????????????????????: Vivek’s leadership style emphasizes empowerment and inclusivity. He fosters a culture where employees are encouraged to innovate and take ownership of their work. This approach has resulted in high employee satisfaction and loyalty. ???????????? ???? ?????????????? Vivek Chaand Sehgal's story is not just about building a successful company; it's about creating a legacy of innovation, sustainability, and leadership in the automotive industry.
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WarrCloud is the fourth company in the fixed operations space to announce either an acquisition or investment this year. WarrCloud Inc., which offers an automated warranty processing platform, has completed a $20 million Series B raise led by investment firm Centana Growth Partners, a specialized growth equity firm investing in the financial services arena. Existing investors Argentum Capital Partners and Automotive Ventures also participated in the latest round, which follows a $6.5 million Series A in November 2023. To date, WarrCloud's Founder and CEO Jim Roche has raised $40 million since unveiling the company in 2021. WarrCloud is one of several companies that have been featured during their startup phase at the AUTOVATE conference over the years that have been able to raise significant capital via multiple rounds. It is the second investment for Automotive Ventures this month, which was also part of BizzyCar's $15 million growth round which was led by Dealer Tire. Existing investors also participated in the funding. https://lnkd.in/gXqCfjG4
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In the dynamic realm of business expansion, executives and leaders in #sportstech and #healthtech often seek guidance on entering the European market. Having assisted numerous companies in this endeavor alongside Bernardo Bachino and Rodney Rapson, I understand the complexities involved. This insightful article from Index Ventures delves deep into their own experiences, shedding light on crucial aspects like #strategicpartnerships, thorough #marketresearch, and a nuanced understanding of #regulatorylandscapes. Whether you're a budding #startup eyeing global reach or a seasoned corporation strategizing expansion, this article offers actionable insights and inspiration. Embrace the wisdom shared by Index Ventures as you embark on your international journey toward success. And keep in mind, I'm always available to lend a hand and provide assistance whenever you need it. #BusinessExpansion #InternationalGrowth #EuropeanBusiness #GrowBetter
Expanding into Europe | The Index Ventures experience | The significance of International | Index Ventures
indexventures.com
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Thank you for your insights, Ilya Strebulaev Strebulaev. Over the past decade, Germany has indeed encountered challenges stemming from policy inertia and a somewhat resistant attitude towards change, as noted by Josh Berg. In fact, according to the World Bank’s Ease of Doing Business Index, Germany's ranking has slightly declined in recent years, signaling bureaucratic hurdles. However, amidst these challenges, there have been notable strides in Germany's venture ecosystem. According to data from Statista venture capital investment in German startups reached a record high of €6.2 billion in 2023, showcasing significant growth and interest in the startup sector. Moreover, there's a noticeable trend of US corporates seeking partnerships with German startups and making investments in the country. 30% of investments in German start-up’s are already from the US. Having spent over a decade in the venture world, I can attest to the strength and strategic planning evident in many German ventures. In fact, according to a study by the Global Entrepreneurship Monitor, Germany boasts one of the highest rates of entrepreneurial activity in Europe. Building bridges between the US and Germany is crucial for fostering a global innovation ecosystem. By leveraging each other's strengths and expertise, we can create synergies that drive both economic and societal progress. As advocates for collaboration and exchange, we should continue to champion initiatives that bridge the gap between these two vibrant ecosystems, ultimately paving the way for mutual success and prosperity. #growthmindset #venturecapital #cvc #germany #usa
???? ?????????????? ????????????: ??????????????’?? ???? ???????? ?????? ?????? ???????????????? ????????????????????????? ? You can tell a lot about a country by its art, food, and history. How about its top 10 companies (measured by market capitalization)?? ? Hold onto your lederhosen, we’re going to Germany—the land of engineering marvels, delightful bratwursts, and 10 top companies that aren’t quite as fresh as the pumpernickel it produces.?? ? ?? ?????????????? ???? ??????: ?????????????? ????. ???? ? - # of top 10 German companies founded in the last 50 years: 1 - # of top 10 US companies founded in the last 50 years: 7?? - Number founded in the last 100 years: Germany 4, US 8? ? The US has created two times more top-10 companies in the last 100 years than Germany.? ? ?? ??????????????: ??????????????’?? ?????? ?????????????????? ?????? ???????? ?????????? ???????? ?????????? ???? ?????? ???? ? As for funding:? ? - # of VC-backed companies in Germany’s top 10: 0? - # of VC-backed companies in US’s top 10: 7? ? Zero of Germany’s top firms enjoyed VC backing, a stark contrast to the US, where 7 out of the top 10 benefited from venture capital infusion.?? In Germany, the only top-10 company founded in the last half-century is Deutsche Telekom, created when Deutsche Bundespost was privatized. Can someone pass Germany the VC memo?? ? ?? ???????????????? ????????????????????: ???????????????????? ????. ????????? ? - Dominant industry in Germany’s top 10: automotive (4 of 10)? - Dominant industry in US’s top 10: tech or tech-related (7 of 10)? ? When we talk about major industries, Germany is all about its cars and the US is about tech.?? ? Comparing apples to apples (or autos to autos) — when it comes to innovative newcomers, does the German dream still thrive? The American one surely does, with GM, Ford, and Chrysler being replaced by the likes of Tesla. Spoiler alert: Tesla is VC-backed and currently ranks 9th by market cap in the US.? ? ?? ??????????????: ??????????????’?? ???????? ???? ???????????????? ???? ???????????????????? ???? ?????? ?????????????????? ???? ???????? ?????????????????????? ???????????????????? ???????????????? ???? ?????? ?????? ? Why has Germany produced only one new top-10 company in the last 50 years? No new SAP? No new Porsche? Where are the new companies??? ? The best question to ask, though, is: Where’s the German venture capital industry??? ? Of course, looking only at the top 10 companies provides a limited view. But it justifies further investigation of how German innovation is or is not developing.? ? ?? Note: Our comparative analysis focuses on the top 10 companies based on market capitalization from both countries, examining their years of founding and whether they had VC backing. The market cap data is from May 2nd, 2024. #stanford #stanfordgsb #venturecapital #startups #innovation #technology #venturevoyage #Germany?
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What else has to happen for Germany to wake up? What led to Germany’s wealth will not suffice to guarantee its wealth in the future. More risk taking is crucial. Focus on electrons, not atoms (or maybe the atoms that store and move these electrons) is key
???? ?????????????? ????????????: ??????????????’?? ???? ???????? ?????? ?????? ???????????????? ????????????????????????? ? You can tell a lot about a country by its art, food, and history. How about its top 10 companies (measured by market capitalization)?? ? Hold onto your lederhosen, we’re going to Germany—the land of engineering marvels, delightful bratwursts, and 10 top companies that aren’t quite as fresh as the pumpernickel it produces.?? ? ?? ?????????????? ???? ??????: ?????????????? ????. ???? ? - # of top 10 German companies founded in the last 50 years: 1 - # of top 10 US companies founded in the last 50 years: 7?? - Number founded in the last 100 years: Germany 4, US 8? ? The US has created two times more top-10 companies in the last 100 years than Germany.? ? ?? ??????????????: ??????????????’?? ?????? ?????????????????? ?????? ???????? ?????????? ???????? ?????????? ???? ?????? ???? ? As for funding:? ? - # of VC-backed companies in Germany’s top 10: 0? - # of VC-backed companies in US’s top 10: 7? ? Zero of Germany’s top firms enjoyed VC backing, a stark contrast to the US, where 7 out of the top 10 benefited from venture capital infusion.?? In Germany, the only top-10 company founded in the last half-century is Deutsche Telekom, created when Deutsche Bundespost was privatized. Can someone pass Germany the VC memo?? ? ?? ???????????????? ????????????????????: ???????????????????? ????. ????????? ? - Dominant industry in Germany’s top 10: automotive (4 of 10)? - Dominant industry in US’s top 10: tech or tech-related (7 of 10)? ? When we talk about major industries, Germany is all about its cars and the US is about tech.?? ? Comparing apples to apples (or autos to autos) — when it comes to innovative newcomers, does the German dream still thrive? The American one surely does, with GM, Ford, and Chrysler being replaced by the likes of Tesla. Spoiler alert: Tesla is VC-backed and currently ranks 9th by market cap in the US.? ? ?? ??????????????: ??????????????’?? ???????? ???? ???????????????? ???? ???????????????????? ???? ?????? ?????????????????? ???? ???????? ?????????????????????? ???????????????????? ???????????????? ???? ?????? ?????? ? Why has Germany produced only one new top-10 company in the last 50 years? No new SAP? No new Porsche? Where are the new companies??? ? The best question to ask, though, is: Where’s the German venture capital industry??? ? Of course, looking only at the top 10 companies provides a limited view. But it justifies further investigation of how German innovation is or is not developing.? ? ?? Note: Our comparative analysis focuses on the top 10 companies based on market capitalization from both countries, examining their years of founding and whether they had VC backing. The market cap data is from May 2nd, 2024. #stanford #stanfordgsb #venturecapital #startups #innovation #technology #venturevoyage #Germany?
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New Venture Launch for Global Companies in GCC Markets Trademark Group of Companies and Ayana Holding made an exciting announcement today regarding their joint venture aimed at assisting global companies in exploring the GCC markets. Led by industry experts Mr Sam Jamsheedi and Sheikh Abdulla Lahej, this venture promises to be a game-changer for businesses seeking opportunities in the Gulf region. The key services offered by this collaboration include: Business Setups: Assisting companies in establishing their presence in GCC countries, navigating legal requirements, and ensuring a smooth setup process. Corporate Structuring: Providing strategic guidance on corporate structures tailored to the GCC market, optimizing tax benefits and operational efficiencies. Market Entry: Facilitating market entry strategies, market research, and partnerships to ensure a successful launch and sustainable growth. HR and Accounting Services: Offering comprehensive HR solutions, payroll management, and expert accounting services compliant with local regulations. This partnership between Trademark Group and Ayana Holding aims to be a trusted platform for global businesses, offering a one-stop solution for all their GCC market needs. The expertise and experience of Mr Sam Jamsheedi and Sheikh Abdulla Lahej are poised to bring immense value to companies venturing into this dynamic region. For further inquiries and information about this groundbreaking venture, please reach out to [email protected] Stay tuned for more updates on how this collaboration will shape the future of global business in the GCC markets.
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